Alabama Futures Fund

Alabama Futures Fund, established in 2018 and based in Birmingham, Alabama, is a venture capital firm focusing on early-stage investments in the United States. It specializes in software, SaaS, TMT, AI, and machine learning sectors. The firm targets companies at the minimum viable product, pre-revenue, and early revenue stages, seeking adaptable and coachable founding teams addressing significant customer problems. It stages capital based on achieved milestones, reserving funds for follow-on investments in its most promising portfolio companies.

Mickey Millsap

Investment Manager

19 past transactions

IQ/ID

Seed Round in 2024
IQ/ID is a company that specializes in the development of tools designed to enhance customer relationship management (CRM) for higher education admissions and enrollment offices. The company focuses on creating CRM data extraction tools that provide valuable insights into admissions communication. Their technology compiles various data points to deliver comprehensive metrics on the applicant funnel stages, incorporating sentiment analysis to assess the tone of communications. This allows clients to identify positive language and mitigate negative behaviors that may influence applicant enrollment. By offering these innovative solutions, IQ/ID enables educational institutions to effectively navigate the complexities of enrollment management.

CModel

Seed Round in 2023
CModel operates a self-service decision intelligence platform designed to assist growth-oriented business leaders in making informed decisions promptly. Their advanced technology provides insights into operational aspects, helping leadership teams align their strategies, resources, and workforce effectively during expansion phases.

HealNow

Seed Round in 2023
HealNow is a technology company based in New York that specializes in providing a SaaS-based online ordering and payments platform specifically designed for pharmacies. Established in 2018, HealNow aims to streamline the prescription delivery process by enabling patients to complete essential tasks online, such as paying co-payments, scheduling deliveries or curbside pickups, and answering onboarding questions. By reducing reliance on phone calls and faxed forms, the platform enhances the efficiency of pharmacies, regardless of their size or type, from independent establishments to larger grocery store pharmacies. HealNow's innovative solutions facilitate a smoother onboarding experience and improve patient engagement through technology.

Sequense

Pre Seed Round in 2023
Sequense is a developer of B2B SaaS workflow management software tailored for modern travel advisors. Founded by three women, the company aims to empower travel agency owners, particularly in a sector where a significant portion of businesses are women-owned. Recognizing the challenges posed by outdated and fragmented business operations, Sequense offers a productivity suite designed to streamline daily tasks and enhance operational efficiency. The software allows users to preload reminders and tasks with minimal clicks, significantly reducing redundancy and errors in their workflow. By integrating various organizational tools within a single platform, Sequense enables travel advisors to optimize their business processes, thereby increasing capacity and accelerating onboarding for new advisors. This focus on automation and efficiency positions Sequense as a vital resource for travel entrepreneurs looking to thrive in a competitive market.

Allison

Venture Round in 2023
Allison is a provider of a low-code banking-as-a-service (BaaS) platform that connects fintech companies with community banks and credit unions. The platform offers essential digital tools and automation workflows, enabling fintechs to efficiently develop and launch financial products while facilitating secure partnerships with community banks. By bridging the gap between fintech applications and banking services, Allison helps community banks enhance their revenue streams through new client acquisitions, while empowering fintechs to enter the market more effectively.

Condoit

Venture Round in 2023
Condoit is an electrical engineering software platform that offers innovative design, analysis, and collaboration tools for electrical contractors, engineers, and facility managers. The company focuses on enhancing the efficiency and safety of professionals involved in the installation of electric vehicle chargers and solar arrays. By providing advanced circuit analysis software, Condoit helps users collect and analyze electrical system data, significantly reducing the time and potential for human error in conducting short circuit and arc flash analyses. This proactive approach allows engineers and facility owners to predict system failures before they occur, enabling them to manage short circuits effectively and affordably.

Kaya

Seed Round in 2022
Kaya is a virtual mental health platform established in 2020 and headquartered in San Francisco, California. The company specializes in connecting individuals through clinically-led support groups that cater to shared experiences. Its platform offers evidence-based mental health resources in a secure and private environment, featuring flexible group modalities. By facilitating connections among employees with similar challenges, Kaya enables organizations to prioritize the health and wellness of their workforce. Participants benefit from a sense of community and support, while also acquiring essential skills to enhance resilience both in and out of the workplace.

Stroma Vision

Seed Round in 2022
Stroma is engaged in the development of advanced edge processing devices aimed at enhancing safety, quality, and efficiency in industrial workplaces. The company's platform utilizes computer vision technology to monitor driver behavior and assess worker fatigue, distraction, and ergonomic load in real-time. By transforming complex data streams into clear, actionable insights, Stroma facilitates continuous quality control and immediate feedback mechanisms. This innovative approach helps reduce accidents and improve overall operational safety in various industrial environments.

The Office Exchange

Seed Round in 2022
The Office Exchange Inc. is a marketplace based in Denver, Colorado, founded in April 2020 by Devin Davie, Anthony Grivet, and Robyn Ong. The company connects clients on both ends of the commercial real estate market, offering a platform that provides flexible office space solutions. This innovative marketplace allows tenants to access co-working spaces at affordable rates, addressing the growing demand for flexible work environments. By meeting the diverse space needs of clients, The Office Exchange enhances accessibility and options within the commercial real estate sector.

Linq

Seed Round in 2021
Linq is a digital business card startup that offers a mobile-first, AI-enabled customer relationship management (CRM) solution. Designed for small and medium-sized businesses (SMBs) without an existing CRM, Linq provides a comprehensive tool that is easily accessible on mobile devices. For larger organizations that utilize legacy CRMs, Linq serves as an effective mobile frontend compatible with established platforms like Salesforce and HubSpot. This approach allows Linq to cater to a diverse range of clients, simplifying the management of customer relationships and enhancing networking capabilities.

HealNow

Seed Round in 2020
HealNow is a technology company based in New York that specializes in providing a SaaS-based online ordering and payments platform specifically designed for pharmacies. Established in 2018, HealNow aims to streamline the prescription delivery process by enabling patients to complete essential tasks online, such as paying co-payments, scheduling deliveries or curbside pickups, and answering onboarding questions. By reducing reliance on phone calls and faxed forms, the platform enhances the efficiency of pharmacies, regardless of their size or type, from independent establishments to larger grocery store pharmacies. HealNow's innovative solutions facilitate a smoother onboarding experience and improve patient engagement through technology.

Linq

Venture Round in 2020
Social business platform, "linq", is a social media focusing on business interactions. It has features combination from social network like facebook and marketplace. With linq people can shop just like in the real world, interact with sellers and other customers, bargaining, and share their experiences. Their mission is to become the greatest social business app in the world. When customers want to find merchants, merchants want to find distributors, distributors want to find manufacturers, manufacturers want to find investors, the first thing in their mind is linq. They are focused on empowering consumers to shop smarter and retailers to sell smarter, safer, deliver more human interactions, and creating better opportunity for everyone.

Linq

Seed Round in 2020
Linq is a digital business card startup that offers a mobile-first, AI-enabled customer relationship management (CRM) solution. Designed for small and medium-sized businesses (SMBs) without an existing CRM, Linq provides a comprehensive tool that is easily accessible on mobile devices. For larger organizations that utilize legacy CRMs, Linq serves as an effective mobile frontend compatible with established platforms like Salesforce and HubSpot. This approach allows Linq to cater to a diverse range of clients, simplifying the management of customer relationships and enhancing networking capabilities.

Joonko

Seed Round in 2019
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.

Prepaid2Cash

Venture Round in 2019
Prepaid2Cash, established in 2010 and headquartered in Birmingham, Alabama, specializes in redeeming network-branded prepaid cards. Through its user-friendly web-based service, the company enables users to convert balances from Visa, MasterCard, American Express, and Discover prepaid cards into direct deposits or mailed checks, following a simple scanning process. The platform ensures secure transactions through data encryption and robust security measures.

Case Status

Seed Round in 2019
Case Status, Inc. is a company that specializes in developing a cloud-based client engagement tool tailored for the legal services industry. Founded in 2017 and headquartered in Birmingham, Alabama, with an additional office in Charleston, South Carolina, Case Status offers an application designed to enhance lawyer-client communications. The platform addresses common challenges faced by legal professionals by providing features that allow law firms to track and measure client satisfaction, send timely updates, and facilitate communication with clients. By leveraging technology, Case Status helps legal practitioners gain real-time visibility into cases while reducing the necessity for frequent meetings.

VirtualCare

Seed Round in 2018
VirtualCare LLC is a healthcare technology company based in Birmingham, Alabama, founded in 2016. It specializes in developing a cloud-based software platform called DoctorWELLington, which enables end-to-end continuity of care for patients. The platform provides access to virtual care, telemedicine services, and primary care physician office visits. Through its telemedicine portal, VirtualCare offers a comprehensive range of services, including urgent care, primary care, and chronic condition management, allowing patients to receive personalized healthcare from the comfort of their homes at a reasonable cost.

Joonko

Seed Round in 2018
Joonko is a Birmingham, Alabama-based company that offers an AI-powered platform focused on enhancing diversity and inclusion within organizations. Founded in 2017, Joonko's platform serves as a diversity and inclusion coach, enabling companies to make intentional improvements in these areas. It provides talent acquisition teams with tools to access a diverse pool of candidates, streamlining the hiring process and reducing the hiring cycle by 17%. Joonko's technology integrates seamlessly with applicant tracking systems, connecting organizations to over 12,000 active, qualified, and diverse candidates across the United States. Additionally, the platform analyzes real-time data to identify unconscious workplace biases and offers actionable insights and recommendations to executives, managers, and employees.
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